Business Day (South Africa) articles from September 2010

Business Day (South Africa) archives from September 2010

Tax incentives can increase employment.
September 30, 2010... THE BOTTOM LINE COLUMN Tax incentives can increase employment GOVERNMENTS around the world are trying to stimulate their economies, including taking steps to lighten tax burdens on businesses and individuals. Paul Gering, tax director for the...

Australia snaps up leading SA track manager.
September 30, 2010... Byline: David Mollett Australia snaps up leading SA track manager DAVID MOLLETT Racing Editor SOUTH African racing is accustomed to losing its top jockeys to ride overseas, but the Australian Jockey Club has spotted the talent of Turffontein...

THE INSIDER.
September 30, 2010... Sad end to tale of self-made man's success AS A segue into a rather macabre and ironic death, nothing beats the recent demise of Jimi Heselden OBE, the council-estate kid turned millionaire creator of the Segway that weird, futuristic-looking...

Jargon aside, we're on the right track.
September 30, 2010... Jargon aside, we're on the right track PERHAPS it's because we're just simple hacks, but we find it hard to make much sense of the latest round of debate on inflation targeting. We suspect many of Business Day's readers will struggle too. Bits...

Lula shows us how it's done.
September 30, 2010... Lula shows us how it's done NEXT week sees the resignation of President Luiz Inacio Lula da Silva of Brazil, a man compared in stature to Nelson Mandela. US President Barack Obama famously described Lula as the most popular politician on earth...

Jazz.
September 30, 2010... Byline: GWEN ANSELL Jazz THE eighties are often dubbed the decade that style forgot usually by fashion magazines that simultaneously exhort us to once more don big shoulders and harem pants. It was a time of experiments: sartorial and...

Chorus of consent as mayor packs for Siberia.
September 30, 2010... Byline: PATRICK BULGER Chorus of consent as mayor packs for Siberia THE end, when it came for Moscow mayor Yuri Luzhkov, was neither swift nor decisive. For weeks, Russia's state-run media had dropped dark hints about his fate, after he...

Ritchie worried he may be axed from reduced squad.
September 30, 2010... Byline: Mninawa Ntloko Ritchie worried he may be axed from reduced squad MNINAWA NTLOKO Sports Editor NATIONAL soccer team newcomer Keegan Ritchie has not been able to sleep well since hearing some news that has made him very nervous. ...

Bric notion is nothing more than a sales pitch.
September 30, 2010... Byline: TIM COHEN Bric notion is nothing more than a sales pitch THE rather pleasing in an unpleasant way comparison between the troubles experienced by the organisers of the Indian Commonwealth Games and the success that was the Fifa World...

No new sanctions for Cabinet ministers who miss targets.
September 30, 2010... Byline: WYNDHAM HARTLEY No new sanctions for Cabinet ministers who miss targets Delivery agreements with president lack 'teeth' Parliamentary Editor CAPE TOWN Cabinet ministers who sign the long-awaited delivery agreements will be accountable...

Inflation falls to five-year low at 3,5% as rand rally gathers pace.
September 30, 2010... Byline: MARIAM ISA Inflation falls to five-year low at 3,5% as rand rally gathers pace Annual rise in CPI falls for eighth month in a row, raising possibility of another cut in rates Economics Editor INFLATION subsided to its lowest level in...

Pick n Pay warns of fall in earnings.(Financial report)
September 30, 2010... Byline: Michael Bleby Pick n Pay warns of fall in earnings PICK n Pay's woes continue, with the group yesterday saying earnings for the six months to August will likely be down on those of a year earlier, writes . Tough trading conditions,...

RMB asset manager to oppose Mittal's BEE deal.
September 30, 2010... Byline: TIM COHEN RMB asset manager to oppose Mittal's BEE deal Contributing Editor THE possibility of a widespread rejection by fund managers of the controversial ArcelorMittal SA-Ayigobi Consortium black economic empowerment (BEE) deal took...

Regulation of banks 'must be much tougher'.
September 30, 2010... Byline: LINDA ENSOR Regulation of banks 'must be much tougher' Political Correspondent CAPE TOWN Regulation of the banking industry needs to be much tougher, especially after the global financial crisis which has triggered further...

Debate rages on rand and inflation.
September 30, 2010... Byline: Mariam Isa Debate rages on rand and inflation Currency has scaled a new two-and-a-half-year peak, writes DEBATE is raging over the effect gains in the rand will have on inflation, after news yesterday that consumer inflation subsided...

A big day for wages in the clothing industry.
September 30, 2010... Byline: Edward West A big day for wages in the clothing industry The fate of 22000 jobs depends on what the bargaining council decides, writes THE fate of 22000 jobs in the clothing and textile industries will be decided today at a meeting...

Road agency closer to introducing toll roads.
September 30, 2010... Byline: JULIUS BAUMANN Road agency closer to introducing toll roads Transport and Tourism Editor THE South African National Road Agency Limited (Sanral) is a step closer to introducing tolls on Gauteng's highways next year, with an estimated...

Foreign donors contribute R43m to boost local small businesses.
September 30, 2010... Byline: BETH SHIRLEY Foreign donors contribute R43m to boost local small businesses Industrial Correspondent FOREIGN donors invested R43,5m in SA's small businesses this year, an increase of 89% from last year, the Small Enterprise...

More irregular spending at state IT body.
September 30, 2010... Byline: LINDA ENSOR More irregular spending at state IT body Political Correspondent CAPE TOWN The State Information Technology Agency (Sita) incurred irregular expenditure of R215m last year through failing to follow proper procurement and...

Plea for details of health insurance plan.
September 30, 2010... Byline: TAMAR KAHN Plea for details of health insurance plan Science and Health Editor CAPE TOWN Unions and activists yesterday called on the government and the ruling African National Congress (ANC) to provide more details on the proposed...

Municipal managers face a choice.
September 30, 2010... Byline: Sibongakonke Shoba Municipal managers face a choice Party officials will be barred from council jobs, writes A FIERCE battle is looming between the African National Congress (ANC) and its allies in the labour movement over the ruling...

DA to call for inquiry into eNatis contract.
September 30, 2010... Byline: BEKEZELA PHAKATHI DA to call for inquiry into eNatis contract Contributing Writer CAPE TOWN The Democratic Alliance (DA) said yesterday it will write to standing committee on public accounts chairman Themba Godi to request an inquiry...

Pension fraud accused seeks FSB papers.
September 30, 2010... Byline: ERNEST MABUZA Pension fraud accused seeks FSB papers Legal Affairs Correspondent SIMON Nash, one of 24 people accused of stripping surpluses worth R700m from various pension funds in the 1990s, has subpoenaed Financial Services Board...

Business pitches in to help land reform succeed.
September 30, 2010... Byline: Nastasya Tay Business pitches in to help land reform succeed Pilot project with corporate backing looks set for success but, asks , can it be replicated? GIFT Mafuleka is sitting in a lush crop of baby garden peas, cracking pods open...

Decent work agenda 'lacks concrete detail'.
September 30, 2010... Byline: ALISTAIR ANDERSON Decent work agenda 'lacks concrete detail' Contributing Writer WHILE SA's first Decent Work Country Programme, launched yesterday, could help alleviate unemployment and poverty, its first draft document has not...

Waiting for insurance merger to bed down.
September 30, 2010... Byline: Ben Temkin PRIVATE INVESTOR Waiting for insurance merger to bed down THE High Yield portfolio invested in Metropolitan Holdings (Metltd) in February this year at a share price, including transaction costs, of R13,62c. In April a...

IN: Cosatu general secretary Zwelinzima Vavi.
September 30, 2010... Byline: THE THIRD UMPIRE Cosatu general secretary Zwelinzima Vavi for his comments about the terrible threat that political corruption poses to SA. Certainly there are other threats but that's patently not the point.

OUT: Transport Minister Sbu Ndebele.
September 30, 2010... Byline: THE THIRD UMPIRE Transport Minister Sbu Ndebele owes the aviation industry, and the country as a whole, an explanation for the crowd of virtually unknown nominees to the board of the Civil Aviation Authority.

OUT: Yuri Luzhkov, Moscow mayor and head of a powerful political machine.
September 30, 2010... Byline: THE THIRD UMPIRE Yuri Luzhkov, Moscow mayor and head of a powerful political machine, fired by Russian President Dmitry Medvedev. It looks like he got too cocky for Prime Minister Vladimir Putin's liking.

Court orders Mapoe back to Cheetahs.
September 30, 2010... Byline: Zeena Isaacs Court orders Mapoe back to Cheetahs ZEENA ISAACS Rugby Correspondent THE drawn-out contractual dispute between the Cheetahs, wing Lionel Mapoe and the Sharks finally came to an end yesterday with the Bloemfontein High...

All is not as it seems in Bok camp despite Saru's spin.
September 30, 2010... Byline: Zeena Isaacs All is not as it seems in Bok camp despite Saru's spin THE South African Rugby Union's (Saru's) media team deserves a pat on the back for the clever way in which they killed speculation about possible changes to the...

ABB SA to buy Coilmech's mine hoist unit.
September 30, 2010... Byline: Siseko Njobeni ABB SA to buy Coilmech's mine hoist unit SISEKO NJOBENI Energy Affairs Editor POWER and automation technologies group ABB SA will acquire mine-winder manufacturing company Coilmech's mine hoist- related business for an...

Sale of Delta EMD in SA imminent.
September 30, 2010... Byline: Beth Shirley Sale of Delta EMD in SA imminent BETH SHIRLEY Industrial Correspondent THE sale of the remaining operations of Delta EMD, a global supplier of electrolytic manganese dioxide, was imminent, CEO Praveen Baijnath said...

No-frills banking model finds itself a niche.
September 30, 2010... Byline: Sure Kamhunga No-frills banking model finds itself a niche Lender finds that one size does indeed fit all customers, writes CAPITEC Bank's CEO, Riaan Stassen, says he fails to see the logic of segmenting bank customers on the basis of...

Capitec surge in profit 'set to continue'.
September 30, 2010... Byline: Sure Kamhunga Capitec surge in profit 'set to continue' SURE KAMHUNGA Financial Services Editor CAPITEC Bank yesterday impressed with a surge in first-half profits, boosted by income from its core banking operations, which CEO Riaan...

Professional ethics mean putting clients before making a buck.
September 30, 2010... Byline: Michel Pireu StreetDogs Professional ethics mean putting clients before making a buck OUR financial economy, by definition, subtracts from the value created by our productive businesses. Think about it: while the owners of business...

Mergers, acquisitions 'on the uptrend'.
September 30, 2010... Byline: Sure Kamhunga Mergers, acquisitions 'on the uptrend' SURE KAMHUNGA Financial Services Editor INDICATIONS are that the second half of the year could register a further recovery in mergers and acquisitions activity, a senior executive...

SA's resilient listed property grows as an asset class.
September 30, 2010... Byline: Thabang Mokopanele SA's resilient listed property grows as an asset class THABANG MOKOPANELE Property Editor SOUTH African listed property has proven remarkably resilient relative to its global counterparts during the global financial...

SA must take stock of democracy.
September 30, 2010... Byline: George Devenish SA must take stock of democracy South Africans have waged an inexorable struggle for universal franchise and its realisation in the constitution is a singular victory for liberal and representative democracy. ...

Name the technologies.
September 30, 2010... Byline: Richard Becker Name the technologies I don't wish to start an endless debate with Richard Worthington, but in his most recent letter (Phase out dinosaurs, September 29) he falls back into his habit of making unsubstantiated sweeping...

Go well, Hilary.
September 30, 2010... Byline: Anna Starcke Go well, Hilary I will sorely miss Hilary Joffe's erudite, incisive and thoughtful analyses. Her valedictory column (A piece of history that we'd rather not repeat, September 29) amplifies the loss. I can't think of any...

African-hair identity.
September 30, 2010... Byline: Hope Mankwana Papo African-hair identity Following a long, protracted struggle for freedom, in the era of the African renaissance and transformation and retracing of our suppressed and lost identity, why are some of the black African...

Women degraded.
September 30, 2010... Byline: B Nell Women degraded Time has a way of making matters that were once shocking become normal. In the same way, one drop can have a ripple effect and bring a fresh change into an unhealthy environment, making a lasting difference. In...

Flawed rugby rationale.
September 30, 2010... Byline: D Wolpert Flawed rugby rationale I am having difficulty with the rationale contained in some of Zeena Isaacs's recent rugby columns. A few weeks back she produced nonsense when she maintained that if we exclude the first halves of the...

Clicks expects 30% profit rise.(Financial report)
September 30, 2010... Byline: Michael Bleby Clicks expects 30% profit rise MICHAEL BLEBY CLICKS Group, the owner of retail pharmacies and the Musica entertainment retail chain, yesterday predicted a 25%-30% rise in its earnings per share for the 12 months to...

Pick n Pay warns of fall in earnings.(Financial report)
September 30, 2010... Byline: Michael Bleby Pick n Pay warns of fall in earnings MICHAEL BLEBY Retail Industries Editor PICK n Pay's woes continue, with SA's second-largest supermarket yesterday saying that earnings for the six months to August were likely to be...

Pricking our conscience about fishy food choices.
September 30, 2010... Byline: Tamar Kahn Pricking our conscience about fishy food choices SA's government has a crucial role to play in stopping overfishing, writes IT WAS the biggest salmon he'd ever caught, but the pride British journalist Charles Clover felt in...

Poynting pursues associate in Europe.
September 30, 2010... Byline: Thabiso Mochiko Poynting pursues associate in Europe THABISO MOCHIKO Information Technology Editor ALTX-listed Poynting is still pursuing the buyout of an associate company, Poynting Europe, as it believes that European sales are key...

Government needs to loosen grip on boards.
September 30, 2010... Byline: Sanchia Temkin Government needs to loosen grip on boards Directors of state-owned enterprises need more authority to get job done, writes THERE must be less interference from the government so that the boards of state-owned...

Village's overhaul takes leap forward.
September 30, 2010... Byline: Edward West Village's overhaul takes leap forward EDWARD WEST KwaZulu-Natal Editor VILLAGE Main Reef Gold Mining expects that Industrial Development Corporation (IDC) funding of R142m will cover the budget for the Lesego Platinum...

Deals of the week.
September 30, 2010... BUYING Deals of the week MOTOR NEWS REPORTER Whether you are looking for a small runabout, a small SUV or a small executive car, Motor News has picked out a few great deals for you this week. Remember terms and conditions will apply. Hyundai...

Celebrating the challenge.
September 30, 2010... Byline: John Floyd DRIVING IMPRESSION A bakkie in a bowtie looks at the Corsa Utility that is now in the Chevrolet family THE Corsa Utility half- ton pick-up has been with us for many years and looks set to be with us for many more but it now...

Dual personality on two wheels.
September 30, 2010... Dual personality on two wheels Honda recently released its VFR1200F with a dual clutch gearbox THIS year Honda announced the arrival of the new VFR1200F, which saw a combination of sophisticated design and advanced engineering. It was claimed to...

A statement in 'Lamborgreenie'.
September 30, 2010... Byline: Mark Smyth DRIVING IMPRESSION A statement in 'Lamborgreenie' The world should be green with envy says on the Ford Focus RS ANY Ford model that wears an Rallye Sport badge is almost instantly an icon. If you think back to the Escort...

Going Arctic in a Hilux.
September 30, 2010... Byline: Mark Smyth INTERNATIONAL DRIVE Going Arctic in a Hilux Driving the Arctic Trucks' Toyota Hilux added to 's adventure in Iceland recently NOW we have all seen those nutters in Iceland that seem to have no fear when they drive up almost...

Celebrating the challenge.
September 30, 2010... NEW MODELS Celebrating the challenge Isuzu has released a special edition of its KB MOTOR NEWS REPORTER GENERAL Motors SA has announced the release of the Isuzu KB72, an added-value version of the KB 250 LE double cab, to commemorate Isuzu's...

Wily desert fox takes honours.
September 30, 2010... Byline: Roger Houghton LOCAL MOTORSPORT Wily desert fox takes honours witnessed a historical victory for BMW in local off-road racing at the weekend WILY desert fox Hannes Grobler and co-driver Hennie ter Steege, driving a locally built BMW...

Latest bakkies under wraps.
September 30, 2010... FUTURE MODELS Latest bakkies under wraps Ford and Mazda plan to unveil their new pick-up models in Australia MOTOR NEWS REPORTER PARIS Motor Show may be opening its doors this morning, but it seems that when it comes to unveiling new bakkie...

A sportscar that chills competition.
September 30, 2010... Byline: Lerato Matebese LAUNCH NEWS A sportscar that chills competition Lerato Matebese took on Kyalami in a 'frozen' BMW M3 TWENTY-five years in the making and BMW's motorsport division is continuing its onslaught of building some of the...

Supermodel with lion heart.
September 30, 2010... Byline: JOHN FLOYD LAUNCH NEWS Supermodel with lion heart A very beautiful French model arrives in SA IT IS amazing how many times you meet colleagues in the motoring journalism world who have just returned from an international launch and...

Confidence grows after strong outing.
September 30, 2010... Byline: Charl Wilken MOTORSPORT Confidence grows after strong outing reports from behind the steering wheel on the recent Swartland Rally AFTER a disappointing Osram Rally we were hoping our luck would change on the fast and flowing roads of...

Korea grabs the spotlight.
September 30, 2010... Byline: Lerato Matebese ROAD TEST Korea grabs the spotlight Hyundai continues to step up the respectability ladder with its ix35, writes THE crossover market continues to grow following a raft of new models of late, and perceptions seem to be...

MOTOR SPARES.
September 30, 2010... MOTOR SPARES Toyota promises new or redesigned models MAKE-OVER Toyota, the world's automotive market leader, which has taken heavy criticism this year for its tardiness in announcing product recalls, is apparently going to start introducing...

Grand off-roader.
September 30, 2010... Byline: CHARL WILKEN USED CAR TEST Grand off-roader SIZE does really count in this sector of the SUV market, but the Mercedes-Benz GL500 offers so much more than just acres of space. It is a vehicle that can easily go off the beaten track...

A drive on the wild side.
September 30, 2010... Byline: Lerato Matebese DRIVING IMPRESSION A drive on the wild side has a Chuck Norris day while testing the Ford Ranger Wildtrak WHILE I am far from being a fan of the long-running television show Walker Texas Ranger, I couldn't help but...

Carrying cargo on a budget.
September 30, 2010... Byline: Roger Houghton DRIVING IMPRESSION Carrying cargo on a budget looks at a promising option in the Mahindra Xylo panel van The latest addition to the Mahindra range in SA is the Xylo panel van, which I had the opportunity of driving for...

SEDANS.
September 30, 2010... SEDANS ALFA ROMEO MITO PROGRESSION R227900 MITO DISTINCTIVE R245200 MITO QUADRIFOGLIO R264000 159 1.9 JTS R303500 159 2.2 JTS R347700 159 3.2 V6 Q4 R445700 159 2.4 JTD Q-TRONIC R396000 GT 1.9JTD R335700 GT 1.9JTD Q2 R351900 GT 3.2 V6 R395100...

LIGHT COMMERCIAL.
September 30, 2010... LIGHT COMMERCIAL CHEVROLET CORSA UTILITY 1.4 R105500 CORSA UTILITY 1.4 SPORT R152360 CORSA UTILITY 1.7 DTI R148370 CORSA UTILITY 1.7 DTI SPORT R185460 CORSA UTILITY 1.8 R129840 CORSA UTILITY 1.8 SPORT R184260 CORSA UTILITY 1.4 CLUB R132490 CORSA...

SUVs.
September 30, 2010... SUVs AUDI Q5 2.0TDI QUATTRO R409500 Q5 2.0T FSI S TRONIC R463000 Q5 3.2 FSI QUATTRO S TRONIC R517500 Q5 3.0 TDI QUATTRO S TRONIC R536000 Q7 3.0TDI QUATTRO R616000 Q7 3.6 FSI QUATTRO R607500 Q7 4.2 FSI QUATTRO R710000 Q7 4.2 TDI QUATTRO R769000...

Bankrupt Limpopo town 'makes case for DA'.
September 29, 2010... Byline: WYNDHAM HARTLEY Bankrupt Limpopo town 'makes case for DA' Parliamentary Editor CAPE TOWN The Democratic Alliance (DA) has fired an opening salvo in the campaign for next year's local government elections in Gauteng by comparing its...

A piece of history that we'd rather not repeat.
September 28, 2010... Byline: Hilary Joffe A piece of history that we'd rather not repeat CLEARING out my office the other day, I came across a technical but hugely important piece of recent economic history. It was a March 2004 speech in which then Reserve Bank...

The Insider.
September 28, 2010... Smokers rebel against the nanny state LAST week the Insider attended a most interesting and professionally presented lecture at the Wits Business School. The auditorium was full, the audience was silent when required but applauded dutifully...

Ai africainvestor africa investor.
September 28, 2010... THE Africa investor 40 (Ai40) index gained a substantial 1,48% last week to close at 123,81 points. The year to date loss now stands at 2,10%. US stocks rose sharply on Friday, ending their fourth successive positive week on a strong note as...

Pricey, but Wal-Mart in Africa for the long haul.
September 28, 2010... Byline: Nick Wilson THE BOTTOM LINE COLUMN Pricey, but Wal-Mart in Africa for the long haul SHOULD Wal-Mart have heeded Shoprite CEO Whitey Basson's instinct that the US retailer would be better off getting its Chinese business right before...

Real issues forced off ANC agenda.
September 28, 2010... Real issues forced off ANC agenda ONE minute the African National Congress (ANC) Youth League was convinced it had won its bid to get the nationalisation of the mines to be ANC policy. The next it turned out all it had won was a research...

On the Stage.
September 28, 2010... Byline: MARY JORDAN On the Stage THERE are those things I have left undone that I ought to have done. The first matter concerns THE GIRL IN THE YELLOW DRESS, by Craig Higginson, which premiered at the 2010 National Festival of the Arts. Since...

Anne Villas - Kitting out SA's superstars with bats, balls and pads.
September 28, 2010... Byline: Doug Gordon Kitting out SA's superstars with bats, balls and pads Top cricketers are on a par with Hollywood actors and pop stars, writes A LOW-PROFILE Joburg businesswoman plays a high-visibility role in the careers of SA's cricket...

Space-law loophole lets man do lunar land grab.
September 28, 2010... Byline: Sarah Wild Space-law loophole lets man do lunar land grab SARAH WILD DID you know that for just $20 you can buy an acre of land of the Moon? Seriously. You get a deed and everything. Ladies and gentlemen, may I introduce to you the...

Chiefs may have to pay for disorderly fans.
September 28, 2010... Byline: MNINAWA NTLOKO Chiefs may have to pay for disorderly fans Sports Editor KAIZER Chiefs could be hauled before the Premier Soccer League (PSL) disciplinary committee after their supporters threw an assortment of missiles onto the pitch...

Nationalisation debate will continue to haunt Zuma.
September 28, 2010... Byline: Sam Mkokeli Tripartite alliance Nationalisation debate will continue to haunt Zuma WHILE last week's national general council (NGC) of the African National Congress (ANC) gave President Jacob Zuma's leadership a much-needed shot in...

Wits spotlight on 'racist' Google searches.
September 28, 2010... Byline: CHANTELLE BENJAMIN Wits spotlight on 'racist' Google searches Media Editor THE Google internet search engine may be making us a lot more informed about the world, but is it inadvertently turning us into racists? A recent article in...

US retailer in R30bn bid for SA's Massmart.
September 28, 2010... Byline: Michael Bleby US retailer in R30bn bid for SA's Massmart Giant Wal-Mart takes a big punt on expansion into the African market MICHAEL BLEBY Retail Industries Editor WAL-MART, the world's largest retailer, yesterday announced its...

Fall in liquidations points to economic recovery.
September 28, 2010... Byline: MARIAM ISA Fall in liquidations points to economic recovery COMPANY failures fell last month, while personal bankruptcies plunged in July, official data showed yesterday, adding to evidence that SA's economic recovery is on track. ...

Durban's integrated station leads the way.
September 28, 2010... Byline: Edward West Durban's integrated station leads the way A long-term goal is for 25000 jobs to be created from Bridge City, writes DURBAN's Bridge City Station, a new railway station being built under the R5bn Bridge City shopping,...